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Korea 2nd in semiconductor production
Mar 31, 2014
Korea has for the first time become the second largest semiconductor producer in the world. According to U.S. market research firm IHS Technology, Korea ranked second in the semiconductor production race, recording a market share of 16.2 percent last year, the Ministry of Trade, ...


Free trade benefits Korea, Chile
Mar 04, 2014
The Korea-Chile Free Trade Agreement (FTA), Korea’s first-ever FTA, recently marked its 10th anniversary. The two countries showed more than a four-fold increase in their trade volume over the past ten years due largely to the free trade pact, which has been creating a win-win ef...


Korea is the most innovative country: Bloomberg
Jan 27, 2014
Korea has been selected as the most innovative country in the world. According to Bloomberg, Korea scored a total of 92.10 points, ranking first in its Global Innovation Index, up from second place last year. The most innovative country last year, the U.S., came in third this yea...


President asks global CEOs to expand investment in Kore...
Jan 23, 2014
President Park Geun-hye met with the CEOs of leading international companies Qualcomm, Saudi Aramco and Siemens on the sidelines of the 44th World Economic Forum Annual Meeting on January 22 in Davos, Switzerland. During the meetings, she encouraged the business leaders to expand...


President attends Korea Night function in Davos
Jan 22, 2014
President Park Geun-hye urged business leaders of international companies to expand their investment in Korea during the Korea Night 2014 function in Davos, Switzerland, on January 21 (local time in Switzerland). The president was visiting the city after completing her state visi...


Korea shows record high 2013 trade figures
Jan 06, 2014
Korea’s trade volume was worth more than USD 1.75 trillion in 2013, exceeding the USD 1 trillion mark for the third consecutive year. The Ministry of Trade, Industry and Energy (MOTIE) reported on January 2 that Korea recorded exports worth some USD 559.7 billion in 2013, a 2.2 p...


‘Global investors, watch the Korean market’: Foreign Af...
Jan 06, 2014
“Korea is well positioned to thrive” Foreign Affairs (FA), a leading U.S. magazine on international relations, has hailed Korea as being, “one of the hot markets to watch over the next half decade,” in a recent article, “The Shape of Things to Come: Hot Markets to Watch,” from it...


Korea records 22 months of trade surplus
Dec 02, 2013
Korea has shown a continuous trade surplus for 22 months in a row. Korea’s exports were worth slightly over USD 47.9 billion last month, showing a 0.2 percent gain over November last year, said Korea’s Ministry of Trade, Industry and Energy in its monthly trade figure report for ...


Korea to hit 3.8% growth in 2014: OECD
Nov 25, 2013
The Organisation for Economic Co-operation and Development (OECD) has predicted that Korea’s gross domestic product (GDP) will grow by nearly four percent next year. This figure is higher than both the average OECD growth rate of 2.3 percent and the average world rate of 3.6 perc...


Global game fair G-Star 2013 ends with phenomenal succe...
Nov 18, 2013
Korea’s biggest video game exhibition, G-Star 2013, ended with phenomenal success, having attracted the largest ever number of spectators. The four-day event was held from November 14 to 17 at BEXCO in Busan and broke more records than simply attendance. According to the G-Star O...